The Global Connected Automotive Market Is Projected To Grow At A CAGR Of 10.8% During The Forecast Period 2022-2030.

Connected Automotive Market Overview:

A connected car is one that has internet access and is usually also equipped with a wireless local area network.

Some of the key drivers identified are increased industry compliance norms and government mandates supporting connected technology in passenger cars. However, factors such as limited network coverage, delays due to lack of standardization, and concerns related to data privacy and cybersecurity may hamper the growth of the connected car market in the future.

Market growth can be attributed to increasing demand for connected cars from OEMs and growing demand for aftermarket services. The global connected vehicle market by type is segmented into embedded, tethered and integrated systems. The embedded systems segment is expected to hold the largest share in the global connected vehicle market in 2018 due to its low cost and easy installation process. However, the integrated systems segment is expected to grow at a higher CAGR over the forecast period as it offers enhanced features such as voice recognition, navigation assistance and real-time traffic updates that are not available in embedded or tethered systems. The global connected vehicle market by application is segmented into OEM and aftermarket segments, including Ford Motor Company (US).

Connected Automotive market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Connected Automotive market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Connected Automotive Industry Research:

Market Key Players:
Continental, Delphi, Denso, Bosch, Harman, NXP, Infineon, ZF, Autoliv, Valeo, Aisin Seiki, Hella, And Others.

By Type:

• Embedded
• Tethered
• Integrated
• Other

By Application:

• Original Equipment Manufacturer (OEM)
• Aftermarket
• Other

By Region:

Asia Pacific held the largest revenue share of over 40% of the global market in 2017. Regional growth was recognized by increased investments by OEMs and mobile connectivity providers such as Qualcomm Inc. in developing countries such as China and India. . For example, a recent study conducted by IHS Markit on connected cars in China found that more than 80 manufacturers are currently involved in various stages of development across China. Also, countries like Japan have been at the forefront of adopting new technologies across all industries. So it's no surprise that they're also early adopters of connected cars.

North America is expected to be one of the most lucrative regions during the forecast period due to growing demand from consumers who are increasingly aware of vehicle-related issues and their consequences and the need for ongoing maintenance/upgrade of their vehicles through software upgrades . Or apply a patch instead of changing a physical component (engine/transmission).

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

• Growing demand for connected cars in the automotive sector
• The proliferation of 4G and 5G networks will provide faster data rates and more reliable connections in vehicles.
• Growing Demand for Autonomous Driving Functions in Cars
• The development of new technologies such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication systems will make cars more connected and intelligent.
• Increased focus on safety and security by car manufacturers

Connected Automotive Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 10.8% from 2022 to 2030.
By Type	Embedded, Tethered, Integrated
By Application	Original Equipment Manufacturer (OEM), Aftermarket
By Companies	Continental, Delphi, Denso, Bosch, Harman, NXP, Infineon, ZF, Autoliv, Valeo, Aisin Seiki, Hella
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Crucial Points from this Connected Automotive Report

• Estimate Connected Automotive market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Connected Automotive market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Connected Automotive market?

The Connected Automotive Market is growing at a CAGR of 10.8% During Forecast Period.

 What are the key types of Connected Automotive market?

Embedded, Tethered, Integrated

What are the key applications of Connected Automotive market?

Original Equipment Manufacturer (OEM), Aftermarket          

Who are the key players in Connected Automotive market?

Continental, Delphi, Denso, Bosch, Harman, NXP, Infineon, ZF, Autoliv, Valeo, Aisin Seiki, Hella, And others.